This volume seeks to catalyze the emergence of a novel field of policy studies: entrepreneurship policy. Practical experience and academic research both point to the central role of entrepreneurs in the process of economic growth and to the importance of public policy in creating the conditions under which entrepreneurial companies can flourish. The contributors, who hail from the disciplines of economics, geography, history, law, management, and political science, seek to crystallize key findings and to stimulate debate about future opportunities for policy-makers and researchers in this area. The chapters include surveys of the economic, social, and cultural contexts for US entrepreneurship policy; assessments of regional efforts to link knowledge producers to new enterprises; explorations of policies that aim to foster entrepreneurship in under-represented communities; detailed analyses of three key industries (biotechnology, e-commerce, and telecommunications); and considerations of challenges in policy implementation.
• Contextualises how entrepreneurship can take advantage of and be limited by economic/political institutions • Renowned contributors include M. Porter, E. Noam, D. Audretsch, L. Branscomb, N. Rosenberg, R. Florida • Accessible essays, no math, afterword by Michael Porter, multidisciplinary approach
Part I. The Entrepreneurial Society: What's Governance Got to Do With It?: 1. Entrepreneurship policy: what it is and where it came from David M. Hart; 2. Entrepreneurship policy and the strategic management of places David B. Audretsch; 3. Entrepreneurship, creativity, and regional economic growth Richard Florida; Part II. High-Tech Entrepreneurship: The University-Industry-Government Connection: 4. Start-ups and spin-offs: collective entrepreneurship between invention and innovation Philip E. Auerswald and Lewis M. Branscomb; 5. Entrepreneurship and American research universities: evolution in technology transfer Maryann P. Feldman; 6. America's entrepreneurial universities Nathan Rosenberg; Part III. Equity Issues in Entrepreneurship Policy: 7. Venture capital access: is gender an issue? Candida G. Brush, Nancy M. Carter, Elizabeth Gatewood, Patricia G. Greene and Myra M. Hart; 8. Minority business assistance programs are not designed to produce minority business development Timothy Bates; Part IV. Sector-Specific Issues: 9. Understanding entrepreneurship in the U.S. biotechnology industry: characteristics, facilitating factors, and policy challenges Andrew A. Toole; 10. E-Commerce, entrepreneurship, and the law: reassessing a relationship Viktor Mayer-Schoenberger; 11. Entrepreneurship and government in telecommunications Eli M. Noam; Part V. Implementing Entrepreneurship Policy: 12. Knowledge, power, and entrepreneurs: a first pass at the politics of entrepreneurship policy David M. Hart; 13. Entrepreneurship as a state and local economic development strategy Erik R. Pages, Doris Freedman and Patrick Von Bargen; Afterword Michael E. Porter.
Review of the hardback: '… a must read for those seeking to raise their literacy on the subject: policy makers, their advisors, and any citizen seeking to understand this complex and important territory.' Jeffry A. Timmons, Babson College
Review of the hardback: 'States and local communities are highly competitive. They have taken many innovative steps in recent years to support promising start-up ventures and to foster investment. This book is the first systematic reflection on that experience and provides the next generation of policy-makers with crucial insights that will help them to build on it.' John Engler, Former Governor of Michigan
Review of the hardback: 'Entrepreneurs and risk-takers are the driving force behind job creation and economic growth, and a key reason why our economy is the strongest and most dynamic in the world. The ideas discussed in this book can help policymakers at all levels find new approaches to unleashing the entrepreneurial energy that exists in our communities.' Rep. Harold Ford, Jr
Review of the hardback: 'This book represents a milestone in the policy community's approach to economic growth. It recognizes that entrepreneurship is a key element in the growth process and that public policy is an important factor in creating an environment that is entrepreneur-friendly. This outstanding group of authors proposes a range of carefully crafted ideas that promise to move us closer to that goal.' Mark G. Heesen, President, National Venture Capital Association
Review of the hardback: 'Entrepreneurship - developing new ideas and ways of doing business, creating new jobs - has always been the catalyst behind a thriving economy. Hart and his colleagues offer a much needed window into the entrepreneurial world by examining policies that work and providing a roadmap to creating an entrepreneur-friendly environment. With this book, they have provided a valuable service for policy-makers and entrepreneurs alike.' Senator John Kerry
'As we move towards the 'knowledge economy', so entrepreneurship is becoming ever more important. While there is a substantial literature on innovation policy and technology policy (not to mention numerous books on entrepreneurship), there is far less on entrepreneurial policy. This important book, which brings together many of the leading figures in this emerging field, begins to fill that gap in relation to the United States where entrepreneurial activity has flourished over the last two decades. The authors show how one needs a mixture of national, regional and local policies that will encourage diversity, experimentation and competition, creating an environment in which individual entrepreneurs will step forward, take risks, and in a few cases succeed.' Ben Martin, Director, SPRU - Science and Technology Policy Research, University of Sussex
'Throughout American economic history, new firms have played a central role in the emergence of important new technologies and industries. Yet there has been little study of the government policies and programs that influence the birth and competitiveness of new firms working with new technologies. The essays in this volume make a significant start on the exploration of how policies influence entrepreneurship. Both the case studies and more general analyses are very interesting.' Richard R. Nelson, Columbia University
'David Hart's pioneering work heralds the beginning of a new era of Entrepreneurship Policy as it takes center stage in national economic debates. A rich and detailed discussion of the field, it is a must read for those seeking to raise their literacy on the subject: policy makers, their advisors, and any citizen seeking to understand this complex and important territory.' Jeffry A. Timmons, Babson College
'… Hart's pioneering work provides a collection of studies focusing on government's entrepreneurship policies and seeks to stimulate debate on this topic … policy analysts will prefer Hart's volume's insights into the public sector's role in stimulating entrepreneurship … particularly useful for scholars, policymakers, policy analyst, or students who seek to understand this complex but important area.' Small Business Economics